Japan's economy will bid farewell to the "golden age Koizumi"

The "Koizumi golden age" will be formally ended. Japan's "Daily News" on the 5th reported that the U.S. economy remains in the doldrums and the raw materials and the impact of soaring grain prices, the Japanese government to announce that, since February 2002 began to appear in the post-war period has been long-term economic gold curtain. Junichiro Koizumi's government from promoting high-intensity of economic reform began to emerge when the economic golden period, the Japanese economy has developed by leaps and bounds and out of the bubble economy collapsed due to the so-called "lost 10" long-term downturn of the quagmire.



   The newspaper also said that the Cabinet Office plans published on the 7th of August economic report to delete "restore" the expression, and write "a weak economy has" content, and formally announced that Japan's economy has a downturn.



   "Restoration" of this statement, since the Japanese economy to achieve development in January 2004, the continuous use for four years and eight months, and "weak" in the expression of the long-term slump into the end of June 2001 after no more There. Japanese Government through the Cabinet Office's monthly economic report on the economy make a judgement.



   Japan's economy, including the reasons for the declining trend in the U.S. economy remains in the doldrums, rising oil prices and higher food prices and other external factors. The manufacturing sector reflects the boom mining index of industrial production from July to August compared with the previous month, may decline and the unemployment rate in June this year after 21 months also increased. Japan's Economy and Finance Minister Yosano recently on the Japanese economy fell in the inflection point, said: "From the end of last year may have started on the decline."



   Therefore, the Government reserves the Koizumi Cabinet Secretary Yasuo Fukuda era of high based on promoting the development of the financial reform policy, and began to consider reducing the drop through the expansion of the comprehensive economic measures. In addition, on the 1st of this month's Cabinet reshuffle, Koizumi insisted the replacement of the government's structural reform line, the Minister of Economy and Finance Daejeon Hongzi, the promotion of policy reforms that position. Some analysts said that Japanese Prime Minister Cabinet Secretary Yasuo Fukuda in the dissolved House of Representatives and the approaching election period promote policy reforms in order to win the support of the people of the Liberal Democratic Party.

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